The history of asbestos litigation took a turn in the summer of 1982, when the first asbestos manufacturers filed for Chapter 11 bankruptcy protection to avoid paying compensation to the growing number of victims of asbestos diseases caused by exposure to its asbestos products.
A wave of asbestos bankruptcies followed over the course of the next couple of decades and the entire asbestos textile industry was in bankruptcy, as were several major asbestos insulation manufacturers.
In this video Steven Kazan discusses Kazan Law’s involvement in the history of asbestos bankruptcies and the critical reactions that have been necessary to protect the rights of mesothelioma victims.